Details about David C. Ling

E-mail:
Homepage:	http://warrington.ufl.edu/contact/profile.asp?WEBID=991
Workplace:	Warrington College of Business, University of Florida, (more information at EDIRC)

Access statistics for papers by David C. Ling.

Last updated 2022-01-17. Update your information in the RePEc Author Service.

Short-id: pli857

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Working Papers

2018

1. Do Property Locations Matter to IPO Valuation? Evidence from U.S. REITs
   ERES, European Real Estate Society (ERES)
2. Regulation, Tax, and Interest Rate Implications for Commercial Real Estate Valuations: Lessons from the Past Half Century
   ERES, European Real Estate Society (ERES)

2017

3. How Taxes and Required Returns Drove Commercial Real Estate Valuations over the Past Four Decades
   Working Papers, Federal Reserve Bank of Dallas View citations (2)
   See also Journal Article How Taxes and Required Returns Drove Commercial Real Estate Valuations over the Past Four Decades, National Tax Journal, National Tax Association (2017) View citations (2) (2017)

2015

4. The other (commercial) real estate boom and bust: the effects of risk premia and regulatory capital arbitrage
   Working Papers, Federal Reserve Bank of Dallas View citations (8)
   See also Journal Article The other (commercial) real estate boom and bust: The effects of risk premia and regulatory capital arbitrage, Journal of Banking & Finance, Elsevier (2020) View citations (17) (2020)

2009

5. Differences in Acquirer Motivations, Announcement Effects, Target Characteristics, and Financing in Private versus Public Acquisitions: The Case of REITs
   ERES, European Real Estate Society (ERES)

2008

6. The Dynamics of Asset Prices and Transaction Activity in Illiquid Markets: The Case of Private Commercial Real Estate
   Real Estate & Planning Working Papers, Henley Business School, University of Reading
   See also Journal Article Dynamics of Asset Prices and Transaction Activity in Illiquid Markets: the Case of Private Commercial Real Estate, The Journal of Real Estate Finance and Economics, Springer (2009) View citations (12) (2009)

2007

7. Commercial Real Estate Return Cycles: Do Capital Flows Matter?
   ERES, European Real Estate Society (ERES) View citations (4)

2005

8. Empirical Investigation
   ERES, European Real Estate Society (ERES)

1998

9. The Effects of Property, Owner, Location and Tenant Characteristics on Multifamily Profitability
   ERES, European Real Estate Society (ERES) View citations (5)

1996

10. Revisiting Cross-Tenure Differences in Home Maintenance and Conditions
    Wisconsin-Madison CULER working papers, University of Wisconsin Center for Urban Land Economic Research View citations (1)

1995

11. The Effect of Income and Collateral Constraints on Residential Mortgage Terminations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article The effect of income and collateral constraints on residential mortgage terminations, Regional Science and Urban Economics, Elsevier (1996) View citations (54) (1996)

1987

12. Homeownership Rates of Married Couples: An Econometric Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
13. Understanding the Real Estate Provisions of Tax Reform: Motivation and Impact
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)

1986

14. Real Estate and the Tax Reform Act of 1986
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

1985

15. The Administration Tax Reform Proposal and Housing
    NBER Working Papers, National Bureau of Economic Research, Inc

1984

16. Prospective Changes in Tax Law and the Value of Depreciable Real Estate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article Prospective Changes in Tax Law and the Value of Depreciable Real Estate, Real Estate Economics, American Real Estate and Urban Economics Association (1984) View citations (13) (1984)
17. Tax Reform and Housing
    NBER Working Papers, National Bureau of Economic Research, Inc
18. Trading and the Tax Shelter Value of Depreciable Real Estate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)

Journal Articles

2022

1. Asset productivity, local information diffusion, and commercial real estate returns
   Real Estate Economics, 2022, 50, (1), 89-121 View citations (6)

2021

2. How do Personal Real Estate Transactions Affect Productivity and Risk Taking? Evidence from Professional Asset Managers
   Real Estate Economics, 2021, 49, (S1), 7-40 View citations (1)
3. Institutional common ownership and firm value: Evidence from real estate investment trusts
   Real Estate Economics, 2021, 49, (1), 187-223 View citations (11)
4. The Geography of Real Property Information and Investment: Firm Location, Asset Location and Institutional Ownership
   Real Estate Economics, 2021, 49, (1), 287-331 View citations (10)
5. There is no place like home: Information asymmetries, local asset concentration, and portfolio returns
   Real Estate Economics, 2021, 49, (1), 36-74 View citations (12)

2020

6. 2016–2017 Real Estate Finance & Investment Symposium
   The Journal of Real Estate Finance and Economics, 2020, 61, (3), 313-315
7. The Wealth Effects of REIT Property Acquisitions and Dispositions: the Creditors’ Perspective
   The Journal of Real Estate Finance and Economics, 2020, 60, (3), 308-337 View citations (2)
8. The other (commercial) real estate boom and bust: The effects of risk premia and regulatory capital arbitrage
   Journal of Banking & Finance, 2020, 112, (C) View citations (17)
   See also Working Paper The other (commercial) real estate boom and bust: the effects of risk premia and regulatory capital arbitrage, Working Papers (2015) View citations (8) (2015)

2019

9. Asset Growth and Stock Performance: Evidence from REITs
   Real Estate Economics, 2019, 47, (3), 884-927 View citations (11)
10. Asset Location, Timing Ability and the Cross‐Section of Commercial Real Estate Returns
    Real Estate Economics, 2019, 47, (1), 263-313 View citations (12)

2018

11. Geographic Portfolio Allocations, Property Selection and Performance Attribution in Public and Private Real Estate Markets
    Real Estate Economics, 2018, 46, (2), 404-448 View citations (17)
12. Search Costs, Behavioral Biases, and Information Intermediary Effects
    The Journal of Real Estate Finance and Economics, 2018, 57, (1), 114-151 View citations (24)

2017

13. How Taxes and Required Returns Drove Commercial Real Estate Valuations over the Past Four Decades
    National Tax Journal, 2017, 70, (3), 549-584 View citations (2)
    See also Working Paper How Taxes and Required Returns Drove Commercial Real Estate Valuations over the Past Four Decades, Working Papers (2017) View citations (2) (2017)
14. REIT Leverage and Return Performance: Keep Your Eye on the Target
    Real Estate Economics, 2017, 45, (4), 930-978 View citations (16)

2016

15. Credit Availability and Asset Pricing Dynamics in Illiquid Markets: Evidence from Commercial Real Estate Markets
    Journal of Money, Credit and Banking, 2016, 48, (7), 1321-1362 View citations (1)

2015

16. Explaining House Price Dynamics: Isolating the Role of Nonfundamentals
    Journal of Money, Credit and Banking, 2015, 47, (S1), 87-125 View citations (38)
17. Leverage and Returns: A Cross-Country Analysis of Public Real Estate Markets
    The Journal of Real Estate Finance and Economics, 2015, 51, (2), 125-159 View citations (19)
18. Returns and Information Transmission Dynamics in Public and Private Real Estate Markets
    Real Estate Economics, 2015, 43, (1), 163-208 View citations (34)

2014

19. Investor Sentiment, Limits to Arbitrage and Private Market Returns
    Real Estate Economics, 2014, 42, (3), 531-577 View citations (24)

2013

20. Introduction to the Special Issue
    The Journal of Real Estate Finance and Economics, 2013, 47, (4), 583-587
21. Short Sales and Fundamental Value: Explaining the REIT Premium to NAV
    Real Estate Economics, 2013, 41, (3), 481-516 View citations (10)

2012

22. Information, uncertainty, and behavioral effects: Evidence from abnormal returns around real estate investment trust earnings announcements
    Journal of International Money and Finance, 2012, 31, (7), 1930-1952 View citations (3)
23. Real Estate Ownership, Leasing Intensity, and Value: Do Stock Returns Reflect a Firm’s Real Estate Holdings?
    The Journal of Real Estate Finance and Economics, 2012, 44, (1), 184-202 View citations (7)
24. Shareholder composition, share turnover, and returns in volatile markets: The case of international REITs
    Journal of International Money and Finance, 2012, 31, (7), 1867-1889 View citations (4)

2011

25. Why Do REITs Go Private? Differences in Target Characteristics, Acquirer Motivations, and Wealth Effects in Public and Private Acquisitions
    The Journal of Real Estate Finance and Economics, 2011, 43, (1), 99-129 View citations (10)

2010

26. Ownership Duration in the Residential Housing Market: The Influence of Structure, Tenure, Household and Neighborhood Factors
    The Journal of Real Estate Finance and Economics, 2010, 40, (1), 41-61 View citations (12)

2009

27. Commercial Real Estate Valuation: Fundamentals Versus Investor Sentiment
    The Journal of Real Estate Finance and Economics, 2009, 38, (1), 5-37 View citations (48)
28. Dynamics of Asset Prices and Transaction Activity in Illiquid Markets: the Case of Private Commercial Real Estate
    The Journal of Real Estate Finance and Economics, 2009, 39, (3), 359-383 View citations (12)
    See also Working Paper The Dynamics of Asset Prices and Transaction Activity in Illiquid Markets: The Case of Private Commercial Real Estate, Real Estate & Planning Working Papers (2008) (2008)
29. Institutional Capital Flows and Return Dynamics in Private Commercial Real Estate Markets
    Real Estate Economics, 2009, 37, (1), 85-116 View citations (11)
30. The Liquidity of Property Shares: An International Comparison
    Real Estate Economics, 2009, 37, (3), 413-445 View citations (13)

2008

31. Avoiding Taxes at Any Cost: The Economics of Tax-Deferred Real Estate Exchanges
    The Journal of Real Estate Finance and Economics, 2008, 36, (4), 367-404 View citations (8)

2007

32. Indices for Investment Benchmarking and Return Performance Analysis in Private Real Estate
    International Real Estate Review, 2007, 10, (1), 93-118 View citations (3)
33. Introduction to the Special Issue in Real Estate Economics and Finance in Honor of Patric H. Hendershott
    Real Estate Economics, 2007, 35, (4), 409-409
34. The Variation of Homeowner Tax Preferences by Income, Age and Leverage
    Real Estate Economics, 2007, 35, (4), 505-539 View citations (2)
35. Trading Intensity and Real Estate Performance
    The Journal of Real Estate Finance and Economics, 2007, 35, (4), 449-474 View citations (7)

2006

36. Considerations in the Design and Construction of Investment Real Estate Research Indices
    Journal of Real Estate Research, 2006, 28, (4), 411-444 View citations (14)
37. Dedicated REIT Mutual Fund Flows and REIT Performance
    The Journal of Real Estate Finance and Economics, 2006, 32, (4), 409-433 View citations (22)

2005

38. A Random Walk Down Main Street: Can Experts Predict Returns on Commercial Real Estate?
    Journal of Real Estate Research, 2005, 27, (2), 137-154 View citations (14)

2003

39. Household Income, Termination Risk and Mortgage Pricing
    The Journal of Real Estate Finance and Economics, 2003, 27, (1), 111-38 View citations (2)
40. Modeling Spatial Variation in Housing Prices: A Variable Interaction Approach
    Real Estate Economics, 2003, 31, (4), 623-646 View citations (60)
41. The Dynamics of REIT Capital Flows and Returns
    Real Estate Economics, 2003, 31, (3), 405-434 View citations (32)

2002

42. Authors’ Perceptions and Preferences Among Real Estate Journals: An Editors’ Note
    Real Estate Economics, 2002, 30, (1), 159-161
43. Commercial Real Estate Return Performance: A Cross-Country Analysis
    The Journal of Real Estate Finance and Economics, 2002, 24, (1-2), 119-42 View citations (49)
44. Determinants of Multifamily Mortgage Default
    Real Estate Economics, 2002, 30, (3), 445-473 View citations (31)
45. Referee Recognition
    Real Estate Economics, 2002, 30, (1), 163-164

2000

46. The Predictability of Equity REIT Returns: Time Variation and Economic Significance
    The Journal of Real Estate Finance and Economics, 2000, 20, (2), 117-36 View citations (43)

1999

47. The Integration of Commercial Real Estate Markets and Stock Markets
    Real Estate Economics, 1999, 27, (3), 483-515 View citations (108)

1998

48. Cross-Tenure Differences in Home Maintenance and Appreciation
    Land Economics, 1998, 74, (3), 328-342 View citations (19)
    Also in Land Economics, 1997, 73, (3), 328-342 (1997)
49. Evidence on the Demand for Mortgage Debt by Owner-Occupants
    Journal of Urban Economics, 1998, 44, (3), 391-414 View citations (27)
50. Information Externalities and Home Mortgage Underwriting
    Journal of Urban Economics, 1998, 44, (3), 317-332 View citations (19)

1997

51. Demographic versus Option-Driven Mortgage Terminations
    Journal of Housing Economics, 1997, 6, (2), 137-163 View citations (15)
52. Economic Risk Factors and Commercial Real Estate Returns
    The Journal of Real Estate Finance and Economics, 1997, 14, (3), 283-307 View citations (73)
53. Valuation uncertainty, institutional involvement, and the underpricing of IPOs: The case of REITs
    Journal of Financial Economics, 1997, 43, (3), 433-456 View citations (68)

1996

54. Measuring the Importance of Location in House Price Appreciation
    Journal of Urban Economics, 1996, 40, (3), 334-353 View citations (47)
55. The effect of income and collateral constraints on residential mortgage terminations
    Regional Science and Urban Economics, 1996, 26, (3-4), 235-261 View citations (54)
    See also Working Paper The Effect of Income and Collateral Constraints on Residential Mortgage Terminations, NBER Working Papers (1995) View citations (5) (1995)

1994

56. Measuring Changes in Local House Prices: An Empirical Investigation of Alternative Methodologies
    Journal of Urban Economics, 1994, 35, (2), 221-244 View citations (56)

1993

57. Mortgage‐Backed Futures and Options
    Real Estate Economics, 1993, 21, (1), 47-67 View citations (1)
58. Pricing Mortgage‐Backed Securities: Integrating Optimal Call and Empirical Models of Prepayment
    Real Estate Economics, 1993, 21, (4), 373-404 View citations (22)
59. Probabilistic Valuation Models and Income Tax Asymmetries with an Application to the Analysis of Passive Loss Restrictions
    Journal of Real Estate Research, 1993, 8, (2), 205-220

1992

60. An Empirical Investigation of the Contingent‐Claims Approach to Pricing Residential Mortgage Debt
    Real Estate Economics, 1992, 20, (3), 393-426 View citations (10)
61. Real Estate Markets Since 1980: What Role Have Tax Changes Played?
    National Tax Journal, 1992, 45, (3), 253-66 View citations (3)
62. Real Estate Values, Federal Income Taxation, and the Importance of Local Market Conditions
    Real Estate Economics, 1992, 20, (1), 125-139 View citations (13)

1991

63. Optimal Refunding Strategies, Transaction Costs, and the Market Value of Corporate Debt
    The Financial Review, 1991, 26, (4), 479-500
64. The Federal Tax Subsidy to Housing and the Reduced Value of the Mortgage Interest Deduction
    National Tax Journal, 1991, 44, (2), 147-68 View citations (33)

1989

65. Optimal Mortgage Refinancing with Stochastic Interest Rates
    Real Estate Economics, 1989, 17, (3), 278-299 View citations (19)

1988

66. Another Look at Tenure Choice, Inflation, and Taxes
    Real Estate Economics, 1988, 16, (3), 207-229 View citations (20)

1987

67. Another look at mortgage revenue bonds
    Journal of Policy Analysis and Management, 1987, 7, (3), 562-564

1986

68. Retail Leasehold Interests: A Contingent Claim Analysis
    Real Estate Economics, 1986, 14, (2), 216-229 View citations (7)

1985

69. Valuing Depreciable Real Estate: A New Methodology
    Real Estate Economics, 1985, 13, (2), 181-194 View citations (5)

1984

70. Prospective Changes in Tax Law and the Value of Depreciable Real Estate
    Real Estate Economics, 1984, 12, (3), 297-317 View citations (13)
    See also Working Paper Prospective Changes in Tax Law and the Value of Depreciable Real Estate, NBER Working Papers (1984) View citations (14) (1984)

Undated

71. A First Look at the Impact of COVID-19 on Commercial Real Estate Prices: Asset-Level Evidence
    The Review of Asset Pricing Studies, 10, (4), 669-704